The European Union (EU) has announced that it plans to impose tariffs on $4 billion worth of US goods as part of a long-running dispute over aircraft subsidies. This move comes after the World Trade Organization (WTO) gave the EU the green light to retaliate against the US for its illegal subsidies to Boeing.
The EU has stated that it will target a range of US products, including aircraft, agricultural goods, and spirits, with tariffs ranging from 15% to 25%. The tariffs are expected to go into effect in the coming weeks, pending approval from the WTO.
This latest development is likely to further escalate tensions between the EU and the US, which have been at odds over trade issues for years. The US has previously imposed tariffs on EU goods in response to what it deemed unfair trade practices.
It remains to be seen how the US will respond to the EU’s latest move, but the ongoing trade dispute between the two economic powerhouses shows no signs of abating anytime soon.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
